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Comedy Central
Dec 3, 2012 7:00pm PST
. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the
CBS
Dec 1, 2012 6:00pm PST
news continues. fiscal cliff of tax increases and sharp spending cuts is now exactly one month away. in his weekly media address today, president obama again pushed his party's tax plan. of course, utah senator orrin hatch rejected in the republican response. >> both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. >> what he proposed this week was a classic bait and switch on the american people. a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson c
CSPAN
Nov 29, 2012 10:00am EST
discussion on spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only one was a balanced plan to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address our country's debt crisis and get our economy going again and create jobs. right now all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. i'll take a few questions. it's been very clear over the last year and a half, i talked to the president about many of them. you can look at our budget. where we outline very specific p
CBS
Nov 28, 2012 5:30pm PST
with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big takeaway, scott, from the president's conversation on saturday with house speaker john boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually told me today that he sees these talks as one-sided, that republicans have been making all the proposals, and speaker boehner said he's still waiting for a balanced offer from the white house. >> republicans are willing to att revenue on the table but it's time for the president and democrats to get serious about the spen
FOX
Dec 4, 2012 5:00am PST
with the fiscal cliff crisis. opponents say they will not bulging. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder an
CSPAN
Nov 29, 2012 8:00pm EST
, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernible] >> it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our debt crisis. [indiscernible] >> i am not going to get into details, but it is very clear what kind of spending cuts need to occur, but we have no idea what the white house is willing to do. >> most public statements have been optimistic. we ar
FOX News
Dec 2, 2012 3:00am PST
is the federal government spending under control. we continue to get closer to this incredible fiscal cliff and i think that the president should take a case study analysis and look at what president coolidge did and jfk, john f. kennedy when they went in and lowered tax rates and increased revenues, which is exactly what we're talking about. >> so either you've got a president who is tremendously overconfident after being reelected or someone who asks for the sty in the first offer knowing that he will look like the compromising once he gives in on the demands and gets himself involved in negotiations. >> both sides are waiting to see who is going to offer up the plan first, we're waiting on the white house. >> it's the president's job, isn't it? congress controls the purse strings and the white house is waiting for-- we're waiting for something from congress on their side and go back and forth, who puts up the offer first and it's the first salvo, so, michigan mcconnell laughs at it and timothy geithner hands it to them. this isn't real. >> i didn't know that first was the first offer. we have
CSPAN
Nov 29, 2012 7:00am EST
of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will meet on thursday with treasury sec tir tim geitner and the white house's chief congressional li aison to discuss the fiscal cliff. that's the hill newspaper. here's politico this morning, inside the talk, fiscal cliff deal emerging is what some write this morning. and that's from politico this morning. first call up on our question this morning, g.o.p. says address the spending problem and in silver spring, maryland, democrat, good morning anne. caller: yes, well i would like the g.o.p. to be a little more specific because all of them who signed the pledge they want to slink government.
CNN
Dec 1, 2012 2:00pm PST
a deal to avoid the so-called fiscal cliff. a huge package of tax hikes and spending cuts will kick in january one. they spent time blaming each other for not getting serious. in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the e
NBC
Dec 6, 2012 7:00am EST
of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some
CSPAN
Dec 6, 2012 5:00pm EST
past the fiscal cliff, use automatic spending cuts to make sure taxes don't go up, at least on the great majority and then figure out what to do about the upper brackets, and if that is -- that would be a mechanism that would guarantee further action next year and as is very well possible they would disagree next year and there would be some sort of trigger or punishment for their lack of action. that sounds relatively simple, putting it all together could take at least a couple weeks after you have a deal, there could be some inevitable blow ups from conservatives in the house for the senate so a lot of it is speculation. secondly, a lot of of things that might go in this down payment, farm subsidy cuts, there is a proposal to make federal retirees--federal workers pay more towards their retirement, that can get pretty political pretty quickly. it is very much in flux. all of that presupposes they get an agreement. there is a school of thought that they can't get an agreement until after tax rates actually go. >> host: andrew taylor is with the associated press. does the yo
MSNBC
Dec 2, 2012 1:00pm PST
in the deadlocked talks to avert the so-called fiscal cliff, the devastating combinations of tax increase and spending cuts that kick in january 1st. both sides seem to dig in this morning on the sunday talk shows. >> the only thing standing in the way of that would be a refusal by republicans that the rates would have to go up on the wealthiest americans, and i don't really see them doing it. >> right now, i would say we're nowhere, period, we're nowhere. >> that somber assessment today from house speaker john boehner, as geithner, the point man, went on all five sunday talk shows, cnbc, washington correspondent aman javers joining me live now. did geithner offer anything new today? >> he really didn't. he thinks the republicans are bluffing here and they are not prepared to go all the way to the mat here on behalf of tax cuts for the rich. they think at the white house they've got their republicans backed into a political corner here, and they are really pressing their advantage hard. you saw this sort of breathtaking offer by the president of the united states last week when he offered
Current
Dec 6, 2012 2:00am PST
. there is plenty of data to show that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment. you're right. folks who say get government out of medicare, there is no logic to what they're saying. do youdo you buy it, but boehner is trying to harness and hold together that is fraught with inconsistencies. >> well, first of all i agree with sam. i think-- >> eliot: am i outvoted? i'm not sure that i like this. >> it's a distinction without a difference in the first two groups, and i don't think there is a third group left not with any power. do i think boehner is trying to rein in his caucus by sending a couple of rookie pitchers down to aa? if john boehner wanted control of his caucus he could discipline paul ryan who
FOX
Nov 29, 2012 5:00pm PST
the fiscal cliff. nothing much seems to have changed. democrats want to raise taxes and republicans still want spending cuts. >> the president will not sign legislation that extends the tax cuts. >> time for the president, democrats, to tell the american people what spending cuts they are willing to make. >> each side accuses the other of not providing expects. >>> vice president joe biden went to costo. he bought a television and other items. he said he was there to demonstrate why it is important to raise taxes on the wealthy. >>> with the election behind them, president obama and mitt romney had lunch together tonight at the white house. cameras got a glimpse at mitt romney. the lunch was private. it lasted over an hour and the white house said the president did not have an agenda here. the president prompted to meet with mitt romney to discuss how they could work together. and the menu, the white house said white turkey chilly and southwestern grilled chicken salad. >>> fewer americans filed unemployment claims last week. 393,000 people filed for jobless claims. it was the second stra
CSPAN
Dec 4, 2012 10:00am EST
's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that will be in early january. and the tax rate for all americans. in 2001 and 2003 and then extended during the lame duck of 2010, every americans' tax rates were extended out to expire the 31st of december. every tax rate from the lowest to the highest is set to go up. some people see the problem is we're not taxing enough and so that solves the problem. to just go off the fiscal cliff and everyone will be taxed more. some say we don't take from some group and give to the other. some say go to the clinton tax rate. we had a booming economy and creating more jobs. if increasing taxes increases economic acti
CSPAN
Dec 5, 2012 5:00pm EST
as the fiscal cliff take effect. bloomberg government hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen as well as republican senator bob corker and senator mark warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the republicans' deficit proposal. president obama is at 9:00 eastern followed by speaker boehner. >> this weekend on c-span 3's american history tv, follow harry truman's eldest grandson to japan. >> everybody has their own view what happened and i don't want to argue survival to anyone in japan about the history. we're past that. and my whole purpose for being here is to listen to the living and to do what i can. >> sunday at 9:00 p.m. eastern on c-span 3. >> the supreme court will look at what was passed in 2008 by a majority of 6-3 i believe and going to say that is precedent. and indiana had a -- >> they decided on the in
CNBC
Dec 5, 2012 9:00am EST
's advertisers are displaying caution about spending because of the fiscal cliff. he'll be on "squawk on the street" at 11:40 eastern time. and netflix paying for exclusive rights to stream disney movies. a lot of happenings moving stocks in a big way. with pandora, analysts give pandora a pass but they keep putting out bright spots in third quarter that did come in better than expected. mobile monthization. >> this is the first company that came out and blamed the fiscal cliff. one of the few companies that would not be worried about the fiscal cliff because of great growth opportunities. could this be a competitive thing? >> i use them both. a huge fan of both. jpmorgan says it doesn't change the thesis. the theme is that they, like others, monthization and mobile continues to do well and you get guidance and morgan says it's frustrating. >> guidance was terrible. another disaster. it may be too early to buy pandora to put it in zynga groupon. groupon, i don't know if you call the deal today. it's awesome. one of three different i can do. >> you can get two in one day. >> i don't kn
MSNBC
Dec 6, 2012 7:00am PST
of the fiscal cliff. let me take a look at that. >> no real reform. instead spending taxes. we neat bipartisan ideas we can all support. >> dana, is any of that going to make a difference or maybe a broader point is how much are outside groups generally, whether it's on the hill or on tv influencing this debate? >> if it works as well as karl rove's effort during the campaign, i think the president is going to ask him to run more of those ads because it didn't work out so well for him the last time. this is a little different from a political campaign in that spending by interest groups is probably not going to be big enough to crowd out all of this noise that's being made here. i think that interview you just had with tom price was extraordinary for what he didn't say. he didn't say i won't allow taxes to increase. he said it depends on what the overall package is. that's an extraordinary admission is for one of the most conservative congressmen in the house and i think it shows where these guys are headed. >> when you look at the polls and you see how the messaging is working, susan, and to
CSPAN
Nov 29, 2012 9:00am EST
cannot address the fiscal cliff without talking about entitlements, which are 54% of our spending. anybody can do the math on that. thank you, mr. president. and i yield the floor. the presiding officer: the nuclear from arizona. -- the senator from arizona. mr. kyl: i thank my colleague from texas for her leadership on this and so many other issues we have worked on over the years. one of my regrets in leaving the senate that i will not be able to work with her. we'll be off doing something else, but we're not going to give up on the fights we've been engaged in over the years. i want to pick up where my colleague left off about the meanings of this fiscal cliff and what is being proposed as alternatives to going over the fiscal cliff. i was interested that in week the president has embarked on what one newspaper referred to as "the fiscal cliff campaign trail." he is out as if the campaign were still going on, and the centerpiece of his pitch -- and i heard him say it again last night -- is that the house of representatives should pass a bill that was passed in the senate relate
CNN
Dec 6, 2012 2:00am PST
of this is that some people are trying to downplay the affects of the fiscal cliff saying if we go over for a few days it will be okay. ceos aren't saying that. you look at third quarter gdp, companies are spending less money on software and equipment because they don't know what's going to happen. the effects of the fiscal cliff are already holding back some things. >> of course. what stood out to me from howard schultz, the people that need it the most, the average american will feel this to the core. confidence is the corner stone. >> it makes you make decisions, big decisions, small decisions. i'm not going to buy that or do that, i'm scared to death. here's my question for the two of you. are more big ceos falling in line with the yes, let's raise the taxes on the 2%? >> if i don't know if a majority. would you say a majority? >> i think they want a deal and people have to make -- it's hard to make compromises. >> we've heard it from goldman sac sachs, warren buffett, schultz. >> big names there. >> they want clarity. the interesting thing to me, the stock market and bond market haven't freaked o
CNN
Dec 1, 2012 11:00am PST
know you have all heard of the so-called fiscal cliff, the huge tax hikes and spending cuts that will be triggered if congress and the white house don't reach a budget deal by the end of the month. well, what are we looking at? first, cuts in defense. also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of elementary. what they're doing, both sides really, is doing a lot of posturing and waiting until they get close to the deadline if not go over the deadline because they feel if they go over the deadline, they're in a position to tell their hard core supporters, look, we have really got to make this deal now or that's the end. the economy goes back in
MSNBC
Dec 6, 2012 8:00am PST
is assuming unprecedented power to spend taxpayer dollars without any limit at all. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go
CNN
Nov 30, 2012 9:00am PST
on the fiscal cliff. we can have more details on just where they are. you've got 32 days or so before the possibility of these tax increases, as well as spending cuts to go into effect, and it is high stakes diplomacy, political posturing, as well as serious economic questions in terms of how this is going to impact all of us in the coming new year. we're going to have more on that after a quick break. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one
CNN
Dec 1, 2012 5:00am PST
and we're starting this hour with the wrangling on capitol hill over the fiscal cliff. we're just 31 days until the deadline which could potentially trigger $7 trillion in automatic spending cuts and tax increases. both republicans and democrats are at a standoff. they are each blaming the other side for holding up the process, but republican congressman terry lee says that by going over the cliff the president may have an ulterior motive. >> many of us fear that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do, and then if you go over the cliff, then two months later, a month later, the president can come back with a bill and say, hey, we're going to now since the republicans let everyone's taxes go up, i'm going to ride in here now and be the -- the knight in shining armor and lower the taxes on the lower two brackets. >> it is a case that is sparking painful reminders of trayvon martin, another florida teenager shot to death in an incident that has racial overtones. i'm talking about jordan d
CSPAN
Dec 4, 2012 1:00pm EST
the deficit and the fiscal cliff debate. fiscal cliff debate is a tax issue and it's also a spending issue. today we focus largely on the issue of what are we going to do about medicare, a big part of the federal expenditures, an argument is this. we're here to protect medicare for seniors. period. we're not going -- we're not here to cut the benefits for seniors. we're here to see to it that medicare, which has been a program for seniors since 1964, 1965, is going to continue to be there for seniors and the benefits package there. there is changes that can be made to reduce the cost of medicare but not to reduce the benefits. we talked about many of those. and so here's where we're coming. within that area there are very, very significant savings that can be done. the prescription drug benefit. $150 billion over 10 years. other issues having to deal with keeping people healthy to extend their health care. issues having to deal with how much we pay for certain services. fraud and abuse. all of those things could add up to the potential savings -- not to the potential -- to the saving that
MSNBC
Dec 1, 2012 7:00am PST
the deadline for the so-calleded fiscal cliff. the drama is building. check out what house speaker, john boehner, had to say this week. >> the white house spends three weeks of trying to develop a proposal that calls for $1.6 trillion in new taxes, calls for a little, not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they are willing to cut. it was not a serious proposal. right now, we are almost nowhere. >> oh, mr. boehner, you have got it all wrong. it is a serious proposal, really serious. godfather serious. >>> watching the d.c. drama convinced those of us in nerdland that president obama must be a fan of the francis ford copel la masterpiece. remove the lethal components and there are valuable negotiating lessons that the president seems to be picking up on, like this one. >> my father taught me many things here. he taught me in this room. he caught me keep your friends close but your enemies closer. >> well, president obama keeping his opponents close in hand. lunch with mitt romney. a mid-week summit with the business l
FOX
Dec 6, 2012 5:00am PST
. >>> and they are looking for billions of dollars in cuts as they prepare to go over that fiscal cliff. hundreds of thousands of the jobs all over california could be affected, allison? >> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they are looking at grant money from the environmental protection agency. each student could be awarded a large sum of money. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists an
CSPAN
Nov 30, 2012 9:00am EST
spend too much. that's important when we talk about this fiscal cliff, mr. speaker. this is not about a tax issue. this is a spending issue and this is an issue that folks don't have answers to. you and i serve on the budget committee. one of the things i'm most proud of in my two short years in this body is we looked at the tough challenges. the ones that my colleague from virginia described as being tough, tough choices, you're cutting spending. someone's going to be unhappy. probably would have to be a combination of both. we look at those things. we did on the budget committee. and we came up with a solution. we didn't just tell america who to blame. we didn't about how hard it was and how lousy that is for america's children and america's grandchildren. we proposed solutions. it's represented on this chart, mr. speaker. what i have is debt as a percent of fwpped. the federal debt. that's about $16.3 trillion. i go all the way back to world war ii here where debt was 100% of g.d.p. historical debt represented by this gray line, mr. speaker. this red line, just a different represen
CSPAN
Dec 5, 2012 10:00am EST
's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget control act of 2011, and what it did was to create a -- a committee here on capitol hill, fi
CBS
Nov 29, 2012 6:00pm PST
. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then
CNN
Dec 4, 2012 8:00am PST
, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are very consistent. the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise tha
CNN
Dec 4, 2012 9:00am PST
you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries
CSPAN
Dec 6, 2012 9:00am EST
in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. what the president is really interested in, as we learned just yesterday, is getting as much taxpayer money as he can, first, by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's contefnlts for months the president has been saying all he wants is to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday he finally revealed that's not really his true intent. by demanding the power to raise the debt limit whenever he wants, by as much as he wants, he showed what he's really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. this isn't about getting a handle on deficits or debt for him. it's about spending even more than he already has. why else would he demand the power to raise the debt limit on his own? by the way, why on earth would we e
FOX News
Dec 4, 2012 3:00am PST
for averting the fiscal cliff. the republican plan seeks $800 billion through tax reform and mandatory spending cuts. the white house said that the republican proposal falls short of what the president wants and cannot be taken seriously. >> we understand they don't agree with everything but we have not seen alternatives for them and they spoke about the need for revenue and that acknowledgment is welcome. but thus far republicann leaders are adament don't believe rates should go up on the top two percent of the american people. the american people disagree. rates have to rise and the republicans need to acknowledge that. >> that's the major difference between the two sides. tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president
MSNBC
Dec 4, 2012 3:00am PST
from a fiscal cliff? >> congresswoman, i am a financial illiterate, can you explain to me how you have all encompassing tax reform without taking a look at tax rates? >> well, we have. we believe that we need tax reform. we'd like to look at tax rates, we'd like to look at the loopholes, the tax credits. we want a simpler, less costly tax code for america. that's important for middle class families, important for our economy. that is what's going to help get this economy growing again. but we also -- it also republicans believe it has to include the spending. and the way congress has operated in the past, you know, yeah, we'll increase revenue, but then there's never the protections, never the tough decisions to actually cut the spending, reduce the debt, and that has to be a part of this one. >> fair enough. arianna? >> congresswoman, in your thanksgiving message, twice you emphasize the need for jobs, the need for growth, and then you mentioned the deficit. what do you think we should be doing right now to help create jobs and bring about greater growth? >> well, one of the first thi
CSPAN
Dec 4, 2012 8:00pm EST
of three months. what we need to be more focused on is to get through the fiscal cliff and get a deal done and lay the foundation for long-term fiscal reform. it is focused primarily on health care. >> senator, can you wait in on this? cbo, 10-year window, this is a requirement. congress needs to address these things. a roadmap, if you will. should we change the rules before we play the game? >> all of these extraordinary and practical ideas cannot survive in the cbo structure. that is a forcing mechanism. people are grasping onto ideas such as changing the age. people can easily explain it i and understand it instead of doing the more complex and difficult things that would get you where you want to go. i would be interested -- i have always opposed -- >> i did not hear that. >> directive scoring when it comes to cbo. i do think somehow and i think this is the governor's point, which is congress ignores a lot of stuff that makes sense. it gets wrapped up in its day- to-day activities. i honestly think you break out of this is if you get a white house and leadership in congress that are wi
CSPAN
Dec 4, 2012 11:00pm EST
by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the table, including defense, which
Current
Dec 6, 2012 6:00am PST
. the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >> stephanie: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he point
CSPAN
Nov 29, 2012 5:00pm EST
to be operating. as the fiscal cliff approaches, we should be work together across the aisle to address issues like we are today with the defense authorization bill but also other critical issues, including tax issues and spending issues and that's what i wanted to address today. we -- we have a lot of challenges and instead of pulling together, we seem to be pulling apart. and i'm specifically referring to some of the suggestions by some in the majority that we consider controversial and partisan rule changes that would marginalize minority members and doing it in a way that breaks the current rules to change the rules. and what i mean by that is, it takes 67 votes to change a rule here in the united states sena senate. that's a rule, by the way, that dates back to 1917. and the reason that's in place is because obviously, you know, folks wanted to force the majority and the minority to work together to make those rule changes. you don't get a two-thirds vote without that. and i think that's important, that the basic rules are ones that are agreed on. we tend to change parties a lot around he
CSPAN
Nov 30, 2012 10:30pm EST
to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speaker's put new revenues on the table just after the election and said we get it. the president won his re- election. we won ours. we have to now come together. here is our proposal to the speaker -- to the president that we were unwilling to give a year and a half ago. >> they know they need to put revenant on the table, but will you come back and give them the entitlement cuts? >> we will take this as a serious matter. this is not a game. we are interested in trying to solve the problem for the american people so that we do not see taxes go up on anybody, so we can engage in reform, get the economy going again. we're not playing a game. that offer yesterday was not serious. thank you. >> this is about 20 minutes. >> good afternoon. i'm here today with my colleague. i invited him here to
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